$4,200,000
$4,475,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
0.37 Acres Lot
SOLD DATE : 05/17/2016
Key Details
Sold Price $4,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR16000851
Sold Date 05/17/16
HOA Y/N No
Year Built 1972
Lot Size 0.367 Acres
Property Description
THIS IS THE BEST DEAL ON THE MARKET TODAY! Great troophy building in the heart of Reseda. Being sold as an apartment building -- plus is that these are 16 approved condos with 16 individual APNs. Hold now and sell as condos in the future. Currentlly 17 units, 1 is non-conforming. 16 units are 2 story, 2 bedrooms +1.5 bathrooms. 8 units have balconies. 1 non-conforming unit is 1 br+1ba. All units and complete grounds, interior and exterior of builindg were completely renovated and remodeled in 2007. All units have granite countertops, hardwood floors, newer carpet, newer appliances & newer cabinets. Each unit has 2 tandem parking spaces and small storage area. Common area bbq and sitting area for all tenants to enjoy. Everything is remodeled including a grand entrance, walkway and all areas, interior and exterior. Parking is secured and gated with remote control access. The building is well maintained and no much to upkeep. All units are separately metered for power and gas. As condos - tract map is recorded and condominiums are entitled and ready to go. Seller owns all washer/dryers - 8 total in all. This is a great deal for an owner in a 1031 exchange that wants a problem-free building! OWNER IS MOTIVATED! SUBMIT ALL OFFERS!
Location
State CA
County Los Angeles
Area Res - Reseda
Interior
Interior Features All Bedrooms Down
Heating Forced Air
Cooling Central Air
Flooring Carpet, Wood
Fireplace No
Laundry Common Area, See Remarks
Exterior
Garage Assigned, Community Structure
Garage Spaces 35.0
Carport Spaces 35
Garage Description 35.0
Pool None
Community Features Valley
Parking Type Assigned, Community Structure
Total Parking Spaces 105
Private Pool No
Building
Story Two
Entry Level Two
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 2126020044
Security Features Security Gate,Key Card Entry
Acceptable Financing Submit
Listing Terms Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Michael Shokrian • Michael Isaac Shokrian
Real Estate Agent & Loan Officer | License ID: 02076931
+1(949) 226-1789 | realestateaminzarif@gmail.com